TILEINTERFACE INC

Carpets & Rugs

Revenue: $1.4B; 5.4% YoY
Operating margin: 11.8%; 16% YoY
EBITDA: $203M; 17% YoY
Market cap: $2.1B
Employees: 3,570; $388K revenue each
Net debt / EBITDA: 0.6×; $123M net debt
AI in 10-K: 0.5; mentions per 10K words

Takeover score 2 of 13

Fixable underperformance 0 of 7

TSR below peersNo
—
3+ of last 5 years
High CEO pay despite TSRNo
—
Median CEO pay ≥ $15M while TSR trails
Earnings not backed by cashNo
145% of net income
Cash flow under 80% of net income
Dilutive SBCNo
1% of revenue
Over 10% of revenue
Payouts exceed cash flowNo
13% of cash flow
Buybacks + dividends over cash flow
Goodwill-heavyNo
9% of assets
Over 40% of assets
Shareholder dissentNo
96% lowest support
Any vote under 80% support

Buyer economics 2 of 4

Low revenue per employeeNo
$388K per employee
Bottom quartile of its SIC industry
Quiet on AIYes
0.5 per 10K words · 23rd pct
Bottom quartile of AI mentions in 10-Ks
Net cashNo
0.6× EBITDA net debt
More cash than debt, positive EBITDA
Buyout-sizedYes
$2.1B market cap
Market cap $500M–$5B

Catalysts 0 of 2

Active 13DNo
0 filings
Active-intent 13D in 18 months
Net insider sellingNo
−$7M net
Net sales over $10M in 12 months

Financials

Metric	FY2021	FY2022	FY2023	FY2024	FY2025	YoY	Trend
Revenue	$1.1B	$1.2B	$1.3B	$1.3B	$1.4B	5.4%
Operating income	−$39M	$105M	$105M	$134M	$164M	22%
Net income	−$72M	$55M	$45M	$87M	$116M	34%
Operating cash flow	$119M	$87M	$142M	$148M	$168M	13%
Capex	$63M	$28M	$26M	$34M	$46M	37%
Stock-based comp	−$502K	$5M	$10M	$13M	$14M	11%
Buybacks	$0	$0	$0	$0	$18M
Dividends	$6M	$2M	$2M	$2M	$4M	52%

Deal filings

None.

13D filers

None on file.

Insider trading

Open-market buys, 12 mo: $0 · 0
Open-market sells, 12 mo: $7M · 20
Net: −$7M

Pay vs performance

No pay-versus-performance disclosure yet.